On February 13, President Bush signed the Economic Stimulus Act of 2008, which will give a total of $152 billion to millions of Americans.
Starting in May, the U.S. Treasury will begin sending economic stimulus payments to more than 130 million American individuals/households. To receive the payment, a 2007 income tax return must be filed - from which payments will automatically be issued to qualifying filers. Payment amounts will be based on 2007 income tax returns or information provided by Social Security Administration, Veterans Administration and/or Railroad Retirement administrators. (from the IRS Website)